Other projects will go ahead
Treasury Minister Alf Cannan says the proposed write-off of £95 million of Manx Utilities debt is affordable.
If approved by Tynwald later this month, it will mean the MUA will freeze charges for water, sewerage, electricity standing charges and put a 2% cap on electricity prices for the next year.
However, it does mean £6.5 million a year will be missing from the Treasury Capital Programme.
Mr Cannan says that won't be an issue in the short-term and doesn't mean some other schemes will be put on hold:-
'Ongoing negotiations' with Dublin Port behind timetable delay, says Steam Packet
Single people waiting for social housing aren't being 'misguided', says infrastructure minister
Another Peel commissioner challenges official account of beach stage decision
Peel coastguard responds to report of possible human remains on a beach
'Disappointing' third delay to new local government bill
Comments
Add a comment